payments
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Authentication Vs. Authorisation in the Sca Era
Date: June 16, 2022
By Shagun Varshney, Signifyd Senior Product Manager, Payment Optimisation, takes us through two different approaches to SCA, and what retailers can do to avoid the downsides of the new regulations. Since its enforcement in the UK in March, Strong Customer Authentication (SCA), designed to protect consumers and reduce the number of fraudulent orders for merchants,...
New Alternative Payment Methods Liberate and Empower Communities in Africa and the Middle East
Date: June 15, 2022
By Antti Arponen, CEO of Pyypl In a world that appears to always get faster thanks to new ideas and new inventions, there is always a danger of being left behind. It’s challenging enough if you are used to having the latest smartphone and apps that open up opportunities, provide answers in an instant or...
Ryanair Drops Afrikaans Test After Backlash in South Africa
Date: June 15, 2022
DUBLIN (Reuters) – Ryanair has dropped a requirement for South African passengers to prove their nationality before travelling by completing a test in Afrikaans, Chief Executive Michael O’Leary said after the policy drew a backlash among South Africans. The South African government said last week it was taken aback by the low cost carrier’s decision...
Accounts Payable Fraud: Do You Know Who’s Accessing Your Finances?
Date: June 14, 2022
By Mark Blakemore, CFO at Compleat Software The use of social engineering and phishing attacks on accounts payable (AP) departments are rising according to a report by the European Payments Council, and they remain one of the most instrumental ways to infiltrate a company’s finances. Fraud techniques have greatly evolved over the past couple of...
UK Watchdog Proposes Tougher Curbs on Bank Branch Closures
Date: June 14, 2022
By Huw Jones LONDON (Reuters) -Britain’s banks will have to provide more detailed analysis to justify closing a branch, cutting opening hours or converting a free cash machine to pay-to-use, the Financial Conduct Authority proposed on Tuesday. The UK parliament has become worried that vulnerable customers, particularly in rural areas, are finding it difficult to...
Analysis-Buy Now Pay Later Business Model Faces Test as Rates Rise
Date: June 10, 2022
By Elizabeth Howcroft LONDON (Reuters) – Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in the sector. Buy Now Pay Later (BNPL) firms have created one of the fastest-growing segments in consumer finance, with transaction volumes hitting $120 billion in...